How to Buy Gold: Buying Gold Bullion Coins and Bars
Buying Gold: Securities, Funds, and Notes
Buying Physical Gold
Buy Gold Coins
- Start with what you’re most familiar with. The American Eagle and Canadian Maple Leaf gold bullion coins are a great example of easy-to-purchase, North American gold coins. Purity is guaranteed by the U.S. and Canadian Mints and these can even be part of a Gold IRA.
- Besides the American Eagle and Canadian Maple Leaf, Rosland Capital offers a wide array of North American, and overseas bullion coins, as well as limited edition gold coins including the PGA TOUR PLAYERS Championship, the Presidents Cup, and the British Museum Coin Collections.
- Choose a reputable dealer, like Rosland Capital. You’ll have your own criteria for choosing, but you may well want to consider a dealer like Rosland, that buys back the coins they sell you, without charging extra fees.
- Choose your denomination carefully. For example, the American Eagle gold coin is issued in four denominations: 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce. If you’re an experienced gold buyer, and you know what you want, you might go with the 1-ounce gold coin as the fractional varieties carry with them higher premiums. If you’re a new gold buyer, you may prefer starting with 1/4 ounce coins as each item does not require as large of an upfront investment. It also gives you more flexibility when you want to sell.
- What about rare gold coins? The coins for sale are often graded by independent, professional companies like PCGS and NGC, who seal them in protective containers. Grading involves assessing the coin’s physical condition, and the price reflects who wants to buy it and how rare it is. Buying rare gold coins can be a source of fascination in itself.
- Understand what you’re buying. Be sure and find out ahead of time how much the gold coins cost from your dealer, and what shipping charges may apply. Rosland Capital can help to educate gold buyers on the price of gold and benefits of strengthening assets with gold and other precious metals.
Buy Gold Bars
- 1. Why Buy Physical Gold in the First Place? While gold is no longer an official currency, it is still regarded as one of the soundest purchases. And why not buy the type of gold you can hold right in your hand? Most assets cannot be physically touched like gold. And unlike other purchases, gold can be turned quickly and easily into cash.
- 2. What are the Advantages to Buying Gold Bars? If you’re looking to increase your portfolio in gold substantially, then buying gold bars is the less expensive way to go. Premiums for bars are lower than coins because of production costs. Gold bars can also be easier to store.
- 3. What Style of Gold Bar Should You Choose? Besides the size of your gold bar, there are different styles as well. Minted gold bars are often packaged in sealed assay cards with details about the bar’s authenticity. They also serve to protect the bar itself.
Now You’ve Made Your Decision, How to Go About Buying Physical Gold
- 1. The first thing you want to be sure of is that you are getting the real thing. Buying physical gold is different than buying contract gold. When you buy gold futures, a gold ETF or a gold share, you are in essence buying a gold proxy or derivative. When you buy physical gold, you are getting the real thing.
- 2. Check out the price of gold. Gold is a commodity. Just like any other commodity, like oil or natural gas, the price of gold fluctuates. Check out the price of gold at the time you are considering buying your physical gold, then compare it to historical prices. If you are still not comfortable whether or not this is a good time to buy gold, seek professional advice.
- 3. Make sure you’re getting a fair price. Once you have familiarized yourself with the market and have a good idea for the going price of gold, make sure that the dealer you’re buying your physical gold from is giving you a fair price.
- 4. Make sure you are buying from a reputable dealer. Do your due diligence. Make sure the dealer you are buying from is a reputable one. There are websites with reviews letting you know how trustworthy a dealer may be, like the Better Business Bureau.